UPDATE: Australia 200 treading nicely to profit targetAustralia is treading up on it's own as if it is not pulled by any weight.
Unlike many markets, there are fine reasons for the upside including:
📈 Strong earnings from major Aussie companies
🏦 RBA holding interest rates steady
🌏 Positive global market sentiment
🏗️ Mining & construction sectors booming
💵 AUD stability attracting investors
ANd technically, the updated version looks strong as well.
Cup and Handle formed on 12 May 2025,
Price broke up and out of it and since then has been treading nicely on a 45 degree uptrend.
Price> 20 and 200MA
Target 9,163
One could even close half profits here and let the rest ride on up.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
